US listed immune-oncology with technology platform revealing un-financed opportunities

Tags

US
Public
Immuno-oncology
NewCo
Financing

Overview

A US-based publicly-listed biotech specialising in immuno-oncology had developed a wide and versatile platform.

The company had advanced its assets into mid-/late-stage development, requiring more capital than it had available.

Situation and Challenges

Having developed the platform, the company had a significant number of development opportunities. However, the company did not have the finance to explore these additional opportunities.

  • Long-dated late-stage trial with no visibility “along the way”.
  • Mid-stage asset with strong data set but not transacting.
  • Two early-stage platforms with difficulties in scalable manufacturing or in indication prioritization.

Treehill Solution

Terminate the phase 3 study leading to a share price increase.

Advance a development partnership with a leading international pharmaceutical player unearthing free drug supply for combination development.

Separate the technology platform from the rest of the company, placing the platform into a separate, privately-held NewCo.

Obtain a sizeable funding commitment from a non-profit organisation focused on oncology.

Conclusion and Outcome

Having created the private NewCo, Treehill and the company ensured the new platform pursued a range of separate commercial end-markets with NewCo management subsequently building not only a strong pipeline but an investor base as well.

Terminate the phase 3 study leading to a share price increase.

Advance a development partnership with a leading international pharmaceutical player unearthing free drug supply for combination development.

Advance a development partnership with a leading international pharmaceutical player unearthing free drug supply for combination development.

Advance a development partnership with a leading international pharmaceutical player unearthing free drug supply for combination development.

Treehill worked with the company to:

Terminate the phase 3 study leading to a share price increase.

Advance a development partnership with a leading international pharmaceutical player unearthing free drug supply for combination development.

Separate the technology platform from the rest of the company, placing the platform into a separate, privately-held NewCo.

Obtain a sizeable funding commitment from a non-profit organisation focused on oncology.